Commercial Real Estate & Business News – July 17, 2015
Albertsons Planned IPO Would Impact Store Closings, Openings After gobbling up one of its biggest competitors earlier this year, Albertsons Companies Inc. is now pursuing an IPO. The Boise, Idaho-based company filed a registration statement with the Securities and Exchange Commission to sell shares of its common stock. Although the number of shares to be […]
Commercial Real Estate & Business News – July 16, 2015
Robust Leasing, Absorption Drive CRE Price Appreciation Supported by record levels of absorption and strong leasing, commercial real estate prices rebounded in May, with continued strong recovery in both higher-end properties and accelerating investor interest in smaller, lower-priced assets, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI)… Read more » Eastmark Among U.S. Top 10 […]
Commercial Real Estate & Business News – July 15, 2015
Best Buy / Dick’s Sporting Goods Anchor Transacts at Fiesta Mall The 95,000 square foot Best Buy / Dick?s Sporting Goods anchor at Fiesta Mall in Mesa sold Wednesday for a price of $5.9 million, or $62 per square foot. Macerich previously purchased this property for $16.05 million in early 2007. The prior sale included […]
Commercial Real Estate & Business News – July 14, 2015
Pasternack Expands Industrial Park Along I-10 Corridor…?Ten? Now 214 Acres Valley developer and architect Irwin Pasternack has acquired land along the Interstate 10 corridor in west Phoenix that will be developed as part of a 214-acre mixed-use industrial park called ?TEN?. Pasternack, whose company already owns 142 acres that surrounds the newly-acquired land, paid $7.7 […]
Commercial Real Estate & Business News – July 13, 2015
Office Rents Show Strong Growth in Q2, Thanks to New Jobs Preliminary reports for the second quarter show that office rents are experiencing strong, steady increases in most U.S. markets due to a lack of new construction and renewed hiring in the professional services sector. Experts say this trend should continue as long as current […]
Commercial Real Estate & Business News – July 10, 2015
Retail Expansion Translates into Net Lease Construction Demand for newly-constructed net lease assets is fierce, and these assets are commanding a pricing premium in the net lease space due to their scarcity. However, as retailers execute their expansion plans, experts anticipate more new retail net lease properties to become available… Read more » CCIM Members Report Lower […]
